Cibc World Market Inc. Makes New Investment in RTX Corporation $RTX

Cibc World Market Inc. acquired a new stake in shares of RTX Corporation (NYSE:RTX) in the second quarter, Holdings Channel.com reports. The firm acquired 239,016 shares of the company’s stock, valued at approximately $45,349,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Milestone Asset Management Group LLC raised its holdings in RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares during the period. New Age Alpha Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $2,308,000. Truist Financial Corp increased its position in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after buying an additional 53,045 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of RTX by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after buying an additional 10,426 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of RTX by 206.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock worth $32,711,000 after buying an additional 120,094 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.2%

NYSE RTX opened at $210.36 on Monday. The business has a fifty day moving average price of $203.73 and a 200 day moving average price of $195.49. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a market cap of $283.51 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.50 and a beta of 0.29.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX’s Pratt & Whitney
• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
• Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada lifted their target price on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.59.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares in the company, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 29,222 shares of company stock worth $6,362,003. Insiders own 0.10% of the company’s stock.

RTX Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.